ITAT decision: Exempt firearms and household goods under WT Act

The ITAT Gauhati dismissed the Revenue's appeal against the AAC's order, confirming Rs. 15,000 for firearms and Rs. 20,100 for household goods as exempt personal goods under s. 5(1)(viii) of the WT Act.

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The Revenue's appeal was against the AAC's order allowing Rs. 35,100 as exempted under s. 5(1)(viii) of the WT Act. The WTO added Rs. 15,000 for firearms and Rs. 20,100 for household goods. The AAC deleted the additions, confirming that they were exempt personal goods. The ITAT Gauhati dismissed the appeal. (Case: 1979 (11) TMI 128 - ITAT GAUHATI)

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